Accel Entertainment (NYSE:ACEL) Sees Increased Trading Volume - What's Next?

Accel Entertainment, Inc. (NYSE:ACEL) recently experienced a notable spike in trading volume, drawing attention in the market. During midday trading on Monday, around 185,386 shares of the company's stock changed hands, marking a 6% increase from the previous trading day when 174,152 shares were traded. At that point, the stock was priced at $10.28, slightly up from the prior closing price of $10.26.

Stock Performance Overview

As of now, Accel Entertainment's stock has risen by 0.9%. The company holds a market capitalization of approximately $852.25 million. It has a price-to-earnings ratio of 20.29 and a beta of 1.46, indicating a moderate level of risk compared to the broader market. Additionally, the stock is currently trading below its moving averages, with the 50-day moving average at $11.30 and the 200-day moving average at $11.16. Financially, the company has a debt-to-equity ratio of 2.54, a current ratio of 2.71, and a quick ratio of 2.63, suggesting a stable liquidity position.

Recent Insider Activity

In recent insider trading news, Derek Harmer, one of the company's insiders, sold 10,000 shares of Accel Entertainment's stock on December 16, at an average price of $11.70. This transaction amounted to a total value of $117,000. Following this sale, Harmer now owns 199,413 shares with a total value approximating $2,333,132.10, marking a 4.78% decrease in his position. Similarly, on December 3, insider Mark T. Phelan sold 9,577 shares, valued at $111,572.05. This sale also represented a 4.80% reduction in Phelan's holdings. Over the past quarter, insiders have liquidated a total of 164,577 shares valued at $1,915,672; currently, insiders hold 19.17% of the company's stock.

Institutional Investment Changes

Institutional trading activity around Accel Entertainment has been quite active recently. Various hedge funds have been adjusting their positions in the stock. Point72 Asset Management L.P. took a new position in the third quarter worth $64,000, while Quantbot Technologies LP acquired shares valued at $78,000 during the same period. Quarry LP increased its holdings significantly by 268.4%, owning 8,642 shares valued at $89,000. Creative Planning and EP Wealth Advisors LLC also acquired new stakes in the company, contributing to over half of the stock (55.39%) now being owned by hedge funds and other institutional investors.

About Accel Entertainment

Accel Entertainment, Inc., along with its subsidiaries, operates as a distributed gaming operator across the United States. The company is primarily involved in the installation, maintenance, and operation of gaming terminals and other amusement devices in various non-casino locations such as bars, restaurants, and convenience stores.

Final Thoughts

With the recent uptick in trading volume and ongoing interest from institutional investors, many are speculating about what lies ahead for Accel Entertainment. As the stock remains below its moving averages, it invites both retail and institutional investor attention. For those considering investment options, it is critical to assess all available information and market conditions before making a decision.

Accel, Trading, Stock